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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  True Corporation    TRUE   TH0375010Z06

TRUE CORPORATION

(TRUE)
  Report
End-of-day quote. End-of-day quote Stock Exchange of Thailand - 01/25
3.3 THB   -0.60%
2020TRUE : Report on the material progress of the dispute in relation to high speed internet service ("ADSL")
PU
2020TRUE : 700 MHz Spectrum Lice
PU
2020TRUE : Change of Director
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Thailand?s CP Group expands e-commerce with purchase of HK-based Chilindo

08/07/2020 | 05:11am EST

Thailand's top agro-industrial conglomerate, Charoen Pokphand Group, said on Friday it will buy Hong Kong-based e-commerce platform Chilindo for $18 million, expanding its digital business as consumer behaviour changes.

The acquisition by the company's digital arm, Ascend Commerce, will complement its online shopping WeMall platform and develop Thailand's digital economy as the e-commerce market grows amid the novel coronavirus pandemic, chief executive Suphachai Chearavanont said in a statement.

WeMall competes with Alibaba's Lazada, Sea's Shopee and JD Central, a joint venture between top retailers, Central Group and JD.com.

Thailand is well-known for online shoppers buying directly from merchants through social media platforms like Instagram.

"Chilindo's plan to enter the international e-commerce market will increase the ability of Thai e-commerce brands to compete on an international level," Suphachai added as telecommunication operators roll out 5G technology.

CP Group owns Thailand's second-largest telco operator, True Corporation, which won 5G licenses in February.

(Reporting by Chayut Setboonsarng; Editing by Robert Birsel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
C.P. POKPHAND CO. LTD. -2.67% 0.73 End-of-day quote.-1.35%
CP ALL 0.86% 58.5 End-of-day quote.0.43%
JD.COM, INC. 3.66% 98.38 Delayed Quote.11.92%
SIAM MAKRO -1.92% 38.25 End-of-day quote.-3.16%
TRUE CORPORATION -0.60% 3.3 End-of-day quote.-4.07%
All news about TRUE CORPORATION
2020TRUE : Report on the material progress of the dispute in relation to high speed ..
PU
2020TRUE : 700 MHz Spectrum Lice
PU
2020TRUE : Change of Director
PU
2020TRUE : Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
PU
2020TRUE : Financial Performance Quarter 3 (F45) (Reviewed)
PU
2020TRUE CORPORATION : quaterly earnings release
2020TRUE PUBLIC : Reporting Share Repurchase form for financial management purposes ..
PU
2020British house price boom to fizzle out next year - Reuters poll
RE
2020Emissions crunch drives VW to overhaul its supercar strategy
RE
2020NOTIFICATION OF THE RESOLUTIONS OF T : Disposition of investment units in the Di..
PU
More news
Financials
Sales 2020 138 B 4 612 M 4 612 M
Net income 2020 682 M 22,7 M 22,7 M
Net Debt 2020 220 B 7 333 M 7 333 M
P/E ratio 2020 951x
Yield 2020 0,35%
Capitalization 110 B 3 671 M 3 674 M
EV / Sales 2020 2,39x
EV / Sales 2021 2,36x
Nbr of Employees -
Free-Float 47,8%
Chart TRUE CORPORATION
Duration : Period :
True Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TRUE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 3,25 THB
Last Close Price 3,30 THB
Spread / Highest target 63,6%
Spread / Average Target -1,52%
Spread / Lowest Target -45,5%
EPS Revisions
Managers and Directors
NameTitle
Suphachai Chearavanont Chief Executive Officer & Director
Anat Mekpaiboonvatana Co-President
Sarit Jinnasith Co-President
Dhanin Chearavanont Chairman
Vichaow Rakphongphairoj Group COO, Director & Head-Network Quality
Sector and Competitors
1st jan.Capitalization (M$)
TRUE CORPORATION-4.07%3 671
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CHARTER COMMUNICATIONS, INC.-1.42%130 353
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.57%96 966
DEUTSCHE TELEKOM AG-0.23%85 817
SAUDI TELECOM COMPANY5.28%59 453